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• Commercial Real Estate Financing Briefs
6/13/24
CUSHMAN & WAKEFIELD EQUITY, DEBT & STRUCTURED FINANCE -- Rob Rubano, Brian Share, Max Schafer, Lars Weston and Billy Coyle with Cushman & Wakefield secured $64.1 mil in financings for the acquisition of a Class A industrial p...
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• SoCal Industrial Portfolio Sold in Two Transactions Totaling $74 Mil
6/11/24
A portfolio consisting of two industrial properties spanning six buildings and 387.5k sf of space in the SoCal cities of San Marcos and Temecula was acquired by different buyers in separate deals that totaled $74 mil.
One o...
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• Logistar Leases 146k sf Inland Empire Industrial Property
6/10/24
Logistar Inc leased a 146.8k sf distribution facility in the city of Ontario. The property is located at 5700 E. Airport Dr, within the larger, 250.2k sf Airport Distribution Center.
Designed to meet the needs of modern dis...
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• Work Finished on New $38 Mil STEM Building on Menifee Campus of Mt. San Jacinto College
6/05/24
Construction has been completed on a new two-story STEM building on the Menifee campus of Mt. San Jacinto College. The $38 mil, state-of-the-art building, which broke ground in May 2022, was designed by DLR Group and built by...
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• Construction Started on California’s First Man-Made Surf Wave Resort
6/03/24
Beach Street Development & Operations has begun construction on its DSRT Surf Resort. This 17-acre AO-designed destination in Palm Desert will be California’s first facility to offer man-made surf waves open to the public. Th...
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• Commercial Real Estate Financing Briefs
5/28/24
CBRE CAPITAL MARKETS - Mark McGovern, Brian Cruz, Morgon Fraser and Colby Matzke with CBRE Capital Markets' Debt and Structured Finance team secured a $22.65 mil refi loan on Fiesta Plaza, a 187.3k sf, grocery-anchored retail...
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• Corona Industrial Facility Goes for $322/sf
5/20/24
A 49.6k sf industrial building in Corona was purchased for $15.99 mil ($322/sf). Located at 1141 California Ave, the structure was originally built in 1988.
In 2023, the asset was purchased by PPVS Properties LLC, who renova...
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• Palm Desert Multifamily Property Sells for $222k/Unit
5/17/24
Ariana at El Paseo, a 63-unit multifamily property in Palm Desert, CA, was purchased by Investment Concepts Inc for $14 mil ($222.2k/unit). The property is located at 45278 Deep Canyon Rd, east of Hwy 74 and just south of Hwy...
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• Stockbridge Buys 540k sf Inland Empire Industrial Portfolio for $142 Mil
5/16/24
San Francisco-based Stockbridge acquired a two-building, 540.5k sf industrial portfolio in the Inland Empire West in a $142.25 mil ($263/sf) transaction. The portfolio consists of two freestanding Class A buildings located a ...
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• Bell Partners Completes $146 Mil Res Buy in the Inland Empire
5/14/24
Bell Partners has acquired Silverado Apartment Homes, a 492-unit apartment community located in Murrieta, CA, in a $146.5 mil ($298k/unit) transaction. The community, which was acquired on behalf of the company’s Value Add Fu...
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• Albanese Cormier Buys 162k sf Retail Center in Rancho Mirage
5/07/24
Albanese Cormier purchased Rancho Las Palmas, a 162.4k sf, grocery- and drug-anchored shopping center located within the Palm Springs MSA in Rancho Mirage. The asset was sold by DRA Advisors and Paragon Commercial Group.
S...
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• Dalfen Industrial Picks Up 340k sf Industrial Facility in the Inland Empire
5/06/24
Dalfen Industrial acquired a 340k sf, Class A industrial facility in San Bernardino from Bixby Land Company. Built in 2018, the property is located at 4982 Hallmark Pkwy, north of the 210 Fwy and adjacent to the west side of ...
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• Riverside Res Property Sells for $228k/Unit
5/01/24
Potomac Apartments, a 34-unit multifamily property in Riverside, traded hands in a recent $7.75 mil ($228k/unit) transaction.
Located 1.5 miles from California Baptist University, the property features studio, one- and two-b...
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• Rockefeller Group Starts Work on 600k sf Distribution Project in Riverside
5/01/24
Rockefeller Group has begun construction of Sycamore Hills Distribution Center on 34.63 net acres in Riverside. The project includes two buildings totaling 603.1k sf: a 400k sf building (Building A) and a 203.1k sf building (...
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• Work Completed on $25 Mil Renovation of Desert Horizons Country Club in Indian Wells
4/30/24
The historic Desert Horizons Country Club in Indian Wells has just undergone an extensive $25.4 mil renovation. The much-anticipated project included improvements and expansion to the main clubhouse as well as a complete reva...
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• Community Preservation Partners Acquires 42-Unit Affordable Housing Project in El Centro, CA
4/22/24
CPP (Community Preservation Partners) has acquired Euclid Villas, a 42-unit multifamily property in El Centro, CA, with plans to renovate and retain the asset as an affordable housing project. Built in 1982, Euclid Vill...
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• Corona Retail Asset Sells in $7.8 Mil Deal
4/17/24
Pacific Petroleum Inc paid $7.8 mil for a 20k sf ($390/sf) retail center in Corona. The property, located at 135, 175, and 265 East Ontario Ave, was sold by LJZ Corona LLC in an all-cash deal.
Main Street Village Center cate...
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• Private Investors Trade Desert Hot Springs Retail Property in $6 Mil Transaction
4/03/24
An L.A. County-based private investor paid $6.1 mil for a 33k sf ($185/sf) retail property in Desert Hot Springs in an all-cash purchase. The acquisition, which includes a multi-tenant shop building and two pad buildings, one...
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• EQT Exeter Closes $197 Mil Inland Empire Industrial Buy
4/03/24
EQT Exeter has acquired Commerce Way Distribution Center, an 819k sf industrial property in the Inland Empire city of Fontana, for $197 mil ($240/sf). The property was sold by Manulife Investment Management on behalf of clien...
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• Initial Speakers Announced for 2024 Inland Empire State of the Market Conference
3/26/24
RENTV is presenting its 2024 Inland Empire State of the Market Conference on Thursday, May 2, 2024 at the Embassy Suites by Hilton Ontario Airport Hotel.
Click Here to learn more.
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